Who we are looking for
We are seeking a Senior Market Data Sourcing Specialist to respond to index and data requests company-wide to acquire the products and services that help drive the Market Data Procurement strategy, transformation initiatives, and implementation plans.
Why this role is important to us
The Officer of Procurement is an important role within State Street’s Global Procurement Team and is responsible for the preparation, analysis, negotiation and finalization of the end-to-end Procurement process for Market Data related contracts, with a focus on client and portfolio management index requests and fulfillment. This role will collaborate with stakeholders (Portfolio Managers, Analysts, Relationship Managers, Legal, Data Security business units or vendors.) to fulfill requests and lead negotiations to mitigate risk, achieve favorable compliant contract pricing and terms within an expedited time-frame. The end result is a contract that accurately reflects business requirements while protecting State Street’s interests and controlling costs.
Your new team
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As Senior Sourcing Specialist– Market Data Services you will
Perform direct contractual and commercial negotiations and manage sometimes large and complex agreements
Solution requests and issues timely, and perform daily problem solving
Find saving opportunities via stakeholder engagement and data analysis
Identify risks and opportunities related to achieving financial objectives; work with process partners to mitigate risks and realize opportunities
Use a white glove approach in stakeholder management to provide advice and guidance within market data sourcing
Perform all duties in accordance with prescribed regulatory compliance guidelines
Quickly learn the State Street end to end process, and work within the guidelines to gain saving and delivery result
What we value
These skills will help you succeed in this role
Knowledge of the major index vendors and index construction
Demonstrated sourcing and negotiation experience with major suppliers
Demonstrated ability to negotiate governing agreements
A good understanding of market data pricing models, metrics, etc. with the ability to suggest contracting alternatives
5+ years of experience in a procurement related position preferred
Demonstrated ability to manage and follow-through on multiple projects simultaneously
A high level of understanding of the language and structure of market data contracts
Experience in the review, negotiation and drafting of market data contracts
Ability to manage challenging stakeholders diplomatically.
Exceptional communication skills and relationship management capabilities.
Procurement, market data and business knowledge including robust understanding of contract terms and contract execution
Team player with the ability to build long term relationships
Strong analytical and problem solving skills with customer focus
Ability to make decisions and execute with support of stakeholders
Strong attention to detail
Excellent command of the English language
Excellent command of Microsoft Office package
Remote work options
Employee savings plan
Premium life insurance package
VIP medical package
International operating environment
Additional holiday entitlement
Soft skills trainings
Development sessions with a mentor;
Diversity of opportunities across a range of challenging and highly complex activities;
Technical or leadership career pathway
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
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